Tag Archives: economy

The central bank’s anti-inflationary stance has hurt the country’s economic growth, the government said on Tuesday, but it exuded confidence that the current deceleration was a temporary blip. The economy should soon clock a double-digit growth, Finance Minister Pranab Mukherjee said here. The comments come less than a month ahead of the Reserve Bank of India’s monetary review and the …

China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth. Slated to become the president of China by 2013, Xi told a business forum in Los Angeles: “2012 will be a crucial year in driving the twelfth …

BANGKOK, Thailand (AP) — Asian stock markets climbed Monday after China moved to boost its economy by freeing up bank lending and hopes grew that Greece will clinch the aid its needs to avoid bankruptcy. Oil prices jumped to a nine-month high near $105 a barrel after Iran said it halted crude exports to Britain and France in an escalation …